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Author Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine  (Read 576380 times)
canonsburg
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August 04, 2014, 08:44:01 PM
 #1041

What people don't understand is that the total number of coins is actually irreverent. (except when its unlimited)

It doesn't matter if there are 10 coins or 10 billion coins. What really matter is the PERCENTAGE of coins you own relative to everyone else. If there's only 10 coins but I own 1 coin, I'd own 10% of the entire supply. If there are 10 billion coins but I own 10 million coins, then I'd only have 0.1% of the entire supply. The number of coins is nothing but a shift in the decimal place, but don't really affect what's really important, and that is the relative amount you own as a percentage of the total supply.
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August 04, 2014, 08:45:24 PM
 #1042

What people don't understand is that the total number of coins is actually irreverent. (except when its unlimited)

It doesn't matter if there are 10 coins or 10 billion coins. What really matter is the PERCENTAGE of coins you own relative to everyone else. If there's only 10 coins but I own 1 coin, I'd own 10% of the entire supply. If there are 10 billion coins but I own 10 million coins, then I'd only have 0.1% of the entire supply. The number of coins is nothing but a shift in the decimal place, but don't really affect what's really important, and that is the relative amount you own as a percentage of the total supply.

Yes, but this has to be made more obvious to 95% of the crypto community because everyone is looking for short term PoW coins to pump and dump.
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August 04, 2014, 08:47:28 PM
 #1043

Only around 3.3 Million coins in circulation. This actually has some innovation for a change, very interesting.

...
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August 04, 2014, 08:50:08 PM
 #1044

What people don't understand is that the total number of coins is actually irreverent. (except when its unlimited)

It doesn't matter if there are 10 coins or 10 billion coins. What really matter is the PERCENTAGE of coins you own relative to everyone else. If there's only 10 coins but I own 1 coin, I'd own 10% of the entire supply. If there are 10 billion coins but I own 10 million coins, then I'd only have 0.1% of the entire supply. The number of coins is nothing but a shift in the decimal place, but don't really affect what's really important, and that is the relative amount you own as a percentage of the total supply.

+1

What is different about this coin is the 10 year mining cycle. There will be more inflation for a longer period of time than any other coin I can think of. I'm not saying that is bad, just different.

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August 04, 2014, 09:28:38 PM
 #1045

Miner dream and investor nightmare.

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August 04, 2014, 09:53:58 PM
 #1046

Miner dream and investor nightmare.
haha true history, miners sell, investor lose money.
Too many coins...

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August 04, 2014, 09:54:36 PM
 #1047

why do people keep whining about the amount of coins..... it takes a fucking year to reach blackcoins coins and for the pump it wont even fucking matter only 3.3 atm




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August 04, 2014, 09:55:48 PM
 #1048

Buy0.00009000 6329.156   0.56962

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August 04, 2014, 10:28:29 PM
 #1049

Who has a working cryptonite.conf file? I need to sync my wallet but 0 connections.
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August 04, 2014, 10:29:36 PM
 #1050

Who has a working cryptonite.conf file? I need to sync my wallet but 0 connections.
enter 'addnode seed.gpile.it onetry' in console several times.
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August 04, 2014, 10:33:21 PM
 #1051

Who has a working cryptonite.conf file? I need to sync my wallet but 0 connections.
Code:
addnode=108.61.198.119
addnode=108.61.199.81
addnode=108.61.199.112
addnode=49.69.151.15:8253
addnode=91.147.186.68:8253
addnode=183.129.171.156:8253
addnode=210.64.51.11:8253
addnode=125.115.65.192:8253
addnode=83.212.114.217:8253
addnode=58.220.3.208:8253
addnode=106.120.221.254:8253
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August 04, 2014, 10:46:42 PM
 #1052

Can somebody fork this and start a coin that actually mines a more reasonable supply that makes investors happy?
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August 04, 2014, 11:28:25 PM
 #1053



Can dev put a graph out, where I can see how much new coins will be mined per day/month/year.

That´s the biggest problem, that keeps me out buying. I will not buy a coin, when the supply doubles in a couple of days.

And just to say it´s not, it takes 10 years etc. doesn´t help me to decide.

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August 04, 2014, 11:33:36 PM
 #1054



Can dev put a graph out, where I can see how much new coins will be mined per day/month/year.

That´s the biggest problem, that keeps me out buying. I will not buy a coin, when the supply doubles in a couple of days.

And just to say it´s not, it takes 10 years etc. doesn´t help me to decide.

i think XCN is a really promising coin, but another thing to keep an eye on is distribution - due to some early miners throwing massive hashes at it, I think XCN is concentrated in a few large holders.

NEM, LSK, STRAT
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August 04, 2014, 11:38:19 PM
 #1055



Can dev put a graph out, where I can see how much new coins will be mined per day/month/year.

That´s the biggest problem, that keeps me out buying. I will not buy a coin, when the supply doubles in a couple of days.

And just to say it´s not, it takes 10 years etc. doesn´t help me to decide.

i think XCN is a really promising coin, but another thing to keep an eye on is distribution - due to some early miners throwing massive hashes at it, I think XCN is concentrated in a few large holders.

This coin wasted itself in first 4 hours of existence. It's a GPU ambush. Pretty common scam nowdays, release a "cpu" coin, with a gpu miner ready at launch. Nice idea about minichains though. Wait for a clean release of it.
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August 04, 2014, 11:39:37 PM
 #1056

Reduce the amount of coins or this will end up like Dogecoin.

Like Dogecoin : so price will go up 100x more to be equal to Dogecoin  marketcap ? 
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August 04, 2014, 11:40:53 PM
 #1057

You should make the coin distribution more clear to understand. Most people seem to think that all 1.8billion coins will exist in the next couple weeks or so when that is not true.

That would be their error in not reading properly.
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August 04, 2014, 11:42:06 PM
 #1058

What people don't understand is that the total number of coins is actually irreverent. (except when its unlimited)

It doesn't matter if there are 10 coins or 10 billion coins. What really matter is the PERCENTAGE of coins you own relative to everyone else. If there's only 10 coins but I own 1 coin, I'd own 10% of the entire supply. If there are 10 billion coins but I own 10 million coins, then I'd only have 0.1% of the entire supply. The number of coins is nothing but a shift in the decimal place, but don't really affect what's really important, and that is the relative amount you own as a percentage of the total supply.

Yes, but this has to be made more obvious to 95% of the crypto community because everyone is looking for short term PoW coins to pump and dump.

That is good for XCN then. Offputting to the speculators, as designed.
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August 04, 2014, 11:46:07 PM
 #1059

Quote
What people don't understand is that the total number of coins is actually irreverent.

This is only true for SARCASM coin, JESTER coin, and STEVENCOLBERT coin.






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August 05, 2014, 12:36:23 AM
 #1060

Who can give me a GPU tool? I want to SOLO
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